On Wednesday, BMO Capital adjusted its outlook on Casey\'s General Stores (NASDAQ:CASY), increasing the shares price target to $305 from the previous $290, while keeping a Market Perform rating. The firm highlighted Casey\'s General Stores\' potential for long-term growth, noting the company\'s market share gains in gallons and expanding competitive edge, especially in the prepared...
Bitcoin has experienced a pullback of over 10% from its all-time high, with the demand for spot Bitcoin exchange-traded funds (ETFs) showing signs of moderation, while analysts at JPMorgan Chase and Co. have cautioned that this retreat may have more room to run, Bloomberg reported Friday. The group of 10 spot Bitcoin ETFs recently witnessed its largest...
China\'s industrial production growth slowed more than expected in May and the property investment deteriorated further despite supportive measures, official data revealed on Monday. Industrial production growth decelerated to 5.6 percent in May from 6.7 percent in April, the National Bureau of Statistics reported. The rate was expected to slow moderately to 6.2 percent. Meanwhile,...
The Canadian market ended marginally down on Friday after moving in a very narrow range below the flat line, as investors remained reluctant to pick up stocks amid a lack of significant triggers. The benchmark S&P/TSX Composite Index ended down by 26.49 points or 0.12% at 21,554.86. The index moved between 21,499.57 and 21,586.39. The...
Shares of Cardinal Health, Inc. were gaining more than 7 percent in the pre-market activity on the NYSE after the healthcare company on Wednesday raised its fiscal 2024 adjusted earnings forecast above the market after reporting a profit in its fourth quarter, compared to prior years loss. The improved results reflected strong revenues from both...
Specialty retailer Genesco, Inc. (GCO) on Friday reported a net loss for the first quarter of $24.35 million or $2.23 per share, wider than $18.89 million or $1.60 per share in the prior-year quarter. Excluding items, adjusted loss from continuing operations were $2.10 per share, compared to adjusted loss from continuing operations of $1.59 per...
The China stock market has tracked higher in back-to-back sessions, gathering more than 25 points or 0.7 percent along the way. The Shanghai Composite Index now sits just beneath the 3,155-point plateau and it may add to its winnings on Monday. The global forecast for the Asian markets suggests mild upside on conflicting factors in...
European stocks are seen opening little changed on Tuesday in the absence of cues from Wall Street. U.S. index futures signal a negative open ahead of key private sector PMI and labor market data due this week. The ISM Manufacturing and Services PMI figures due later today and on Thursday, respectively could give investors further...
The newly listed BlackRock iShares Bitcoin ETF trading under the ticker symbol “IBIT” has overtaken the iShares Silver Trust reaching $10 billion in assets under management (AUM). The rising interest in Bitcoin has pushed the iShares Silver Trust launched in April 2006 trading under the ticker symbol “SLV” lower down the leaderboard. The silver trust...
As the market shows tentative signs of revival ahead of US nonfarm payroll, the Bitcoin price recently halted its downward trend and surged past the $59,000 mark, reaching an intraday high of nearly $59,992. This movement comes amidst a broader uptick in the cryptocurrency market, where peers like Ethereum, Dogecoin, Ripple, Solana, and Litecoin also...